Golden Minerals Company (AUMN)

[basserdan]

Sprott's John Embry Endorses AUMN

The following was posted in the November 18, 2011 issue of Investor's Digest (Issued two weeks prior to posted date). This endorsement undoubtedly caused the $1.29 advance on November 3, 2011.

"Yet, this has created some fabulous buying opportunities, one of which is Golden Minerals Co. (AUM-TSX, $7.40).

Golden Minerals has traded as high as $29.50 a share in the past 12 months; so, at its current price, it's available at almost 75 per cent off.

Ironically, since achieving its peak price, Golden has bought ECU Silver Mining on very good terms, giving it potential production in two very prospective areas.

On its own, Golden Minerals had an extensive portfolio of advanced precious metals prospects in both South and Central America.

To this, ECU Silver will contribute some production in Mexico, as well as a lot of potential to grow reserves.

Golden Minerals' management is considered to ber an asset, it has considerable cash on its balance sheet and rumors about of a massive short interest in the stock.

On the next major move up in gold and silver, Golden Minerals could truly become golden."

John Embry is chief investment strategist at Sprott Asset Management in Toronto.

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